Oil Search Continue the Testing Operations

Source: www.gulfoilandgas.com 6/6/2013, Location: Middle East

Oil Search reports that, the Taza 1 ST2 well was at a depth of 3,351 metres and continuing to test a 150 meter open hole section, which includes the Euphrates Formation.

During the week, the well was tested for a period of 30 hours, followed by a down-hole shut-in period for pressure build-up, in order to collect data on the reservoir characteristics. The well flowed oil at approximately 800 bbls/day and water at approximately 400 bbls/day through a 16/64” choke, with the fluids steadily trending towards 100% oil during the flow period. Continued flow on this encouraging trend was not possible due to weather conditions.

A final flow period is currently underway with the well continuing to clean up. The forward programme is to complete the test and evaluate the information gained.

The Taza prospect is located approximately 80 kilometers southwest of the city of Sulaymaniyah. The primary objectives are Miocene and Oligocene carbonates of the Jeribe and Euphrates Formations.

The participants in Taza 1 are:
- Oil Search (Iraq) Limited 60%
- Total E&P Kurdistan Region of Iraq (Taza) B.V. 20%
- Kurdistan Regional Government (KRG) 20%

Oil Search’s funding interest is 75%, with the KRG carried by Oil Search and Total E&P Kurdistan Region of Iraq (Taza) B.V.

For more information about related Opportunities and Key Players visit Iraq Oil and Gas Projects


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